Energy Management Market Reaches $44.4B by 2020, Says Report

AMRAccording to a new report by Allied Market Research titled Energy Management Systems Market 2013 – 2020, the global Energy Management System (EMS) market is expected to reach $44.4 billion by 2020, registering a compound annual growth rate of 13.75 percent during 2014 – 2020.

The energy management systems market is segmented based on technology, verticals, end users, components and geography. The component segment includes sensors, controllers, software and others. Verticals include power & energy, telecom & IT, manufacturing, retail and offices, healthcare and others. The market is also segmented in terms of type of energy management systems: Home Energy Management System (HEMS), Building Energy Management System (BEMS), and Industrial Energy Management System (IEMS). The key players discussed in the report include Schneider Electric, Siemens AG, Honeywell, Elster Energy, Johnson Controls, Gridpoint, IBM, C3 Energy.

Among all types of energy management systems, the adoption of BEMS is expected to increase rapidly due to its varied application in verticals. Presently, IEMS is the largest revenue-generating segment of the EMS market and would continue to be the same by 2020, given its high product, installation and maintenance cost, according to the report.

201 Sustainability Outlook Report
Sponsored By: Lucid

Practical Guide to Transforming Energy Data into Better Buildings
Sponsored By: Lucid

What to Expect from Energy Markets in 2018
Sponsored By: EnerNOC, Inc.

Avoid the RFP Trap: The Smart Guide to Purchasing EHS Software
Sponsored By: VelocityEHS


Leave a Comment

User Name :
Password :
If you've no account register here first time
User Name :
User Email :
Password :

Login Now
Translate »